RE: UPTREND - Keep it simple! ⬆️3 Jan 2024 06:53
Focus of INVESTMENT which should be real reasons to Invest / not invest & base of price moves.
Short term news expected only:
1) RNS Block XX LAND access - this will be Transformational for company, open up operations & revenue with MULTIPLE further newsflow
2) Heron Operational Update / Block XX extension (est 3 Billion bbl) update
3) DQE JV confirmation - help fast track / low cost (some with offtake) full field development
4) New Blocks - These have existing Seismics and / or next to known asset (with some possibly bigger then whole if Quatar)
5) Heron Operational build up and start with first PRODUCTION / REVENUE
6) Block XX est 3 BILLION bbl asset parallel development with Heron
ONLY Heron we look at full field 7,000 - 9,000 bbl a day production!
People talk of cash - company have "sufficient cash UNTIL AT LEAST end of July 2024". Think people can see how useful JV with DQE will be and also good to understand REVENUE GENERATING PRODUCER have lot more option then zero revenue company like Petro Matad was before - all understand this simple thing I hope.
Have not talk about Renewables, Foreign JV possibilities or Takeover target - just FOCUS on real SHORT TERM Developments / Newsflow.
Think this more useful to real investor thenfantasy talk of posters broker dealing with investor here or ISP conspiracy (are we surprise this come from same poster also & one who had meltdown last night 🙄).
Let us keep focus on INVESTMENT and base decisions on this.